Transitory Is in the Eye of Beholder

It’s the top question on the minds of everyone involved in the markets these days: How long is “transitory” when it comes to the Federal Reserve’s view on hotter-than-normal inflation? Jim Smigiel, chief investment officer at SEI Investments, discusses why his firm is “happy to take the side of an overshoot” when it comes to rising prices. He also discusses the flaws of simplistic 60/40 investing and how there’s more to building a diversified portfolio than just buying an index.  Mentioned in this podcast:Powell Has Wall Street Buying View That Inflation Won’t LastYour Unloved Heirlooms Might Mean Serious MoneyCar Dealers Are Selling More Vehicles Above the Sticker PriceAn NFT of the World Wide Web Source Code Sold for $5.4 MillionSee omnystudio.com/listener for privacy information.